A story about迎える週末 while holding onto a long position, directly hit by employment statistics
A few days ago, just before the employment statistics, I saw a “buy signal” and entered 169 lots.
On the chart, there were signs of an uptrend. I was confident in my move.
However, reality was not sweet. After the release, a sharp drop left my position with a deep unrealized loss.
Currently, this position has not been closed.
Should I accept the “certain pain” of a stop loss, or hold onto the anxiety of unrealized losses while hoping for a reversal? I am at that crossroads right now.
How to spend the weekend
Facing the weekend with a position still open is the situation a trader wants to avoid most.
The risk of a gap open on Monday and volatile price action at the start of the week. I must face this unrealized loss for several days with many uncertainties still surrounding me.
Right now I’m imposing the following three points on myself.
1. Absolutely no chasing purchases (nampin) driven by emotion
2. Re-set a clear stop-loss line (or set a stop-limit)
3. Don’t chase market news too much; cool my head once
Finally
“Not having settled yet” does not mean “loss” yet. I tell myself this, while also learning the importance of practical risk management firsthand.
I don’t know whether I’ll be smiling or crying on Monday morning, but I think I’ll remember this experience for life. How do you manage your own psyche in such situations?